Baby Doge Coin Launches ‘Deflationary Swap Widget’, BABYDOGE Price Increase to Follow?

Key highlights:

• Baby Doge Coin recently launched a “Deflationary Swap Widget” that allows other crypto projects to integrate Baby Doge’s DEX features and token burn mechanism into their sites.
• This could lead to systematic token burns and increasing scarcity of BABYDOGE tokens.
• Increasing token scarcity through token burns while demand remains constant could cause the BABYDOGE price to appreciate over time, according to basic economics.

Baby Doge Coin, the puppy-themed meme coin inspired by the popular Doge meme, has been making waves in the crypto world lately. Most recently, the project announced the launch of its “Deflationary Swap Widget” or “Swap as a Service” feature, which could potentially lead to a rise in BABYDOGE price.

The #BabyDoge deflationary swap widget / router goes live tomorrow!

It burns tokens almost every transaction.

Add the widget to your project in less than 2 minutes and help make your token deflationary ?? pic.twitter.com/u7T2QVJqVs

— Baby Doge (@BabyDogeCoin) August 2, 2023

What is the Deflationary Swap Widget?

The swap widget allows other crypto projects to integrate Baby Doge’s decentralized exchange (DEX) features directly into their websites and apps. This gives their users easy access to swap tokens or buy crypto with fiat without ever leaving the project’s site.

More importantly, the widget burns a percentage of BABYDOGE tokens on every transaction, gradually reducing the overall supply. This deflationary mechanism is key for increasing scarcity and applying upward price pressure over time.

How could this impact BABYDOGE price?

Basic economics tells us that decreasing supply while demand remains constant increases prices. By systematically burning tokens, Baby Doge hopes to transition BABYDOGE into a serious crypto asset versus just a hype-driven meme coin.

The team burned a whopping 1.9 quadrillion BABYDOGE tokens from rewards and transactions in August 2023. That’s nearly 0.5% of the total supply gone in an instant! More burns are planned moving forward as well.

As scarcity sets in, we could see the BABYDOGE price start marching upwards. The 1-year price prediction is showing massive potential gains, with the token potentially reaching $0.000000002932 by August 2024.

Other recent developments

The new swap widget isn’t the only exciting thing happening with Baby Doge Coin right now:

• BABYDOGE recently launched a slick new website to improve the user experience as its community expands.
• Their Twitter following is approaching 2 million- dwarfing even Dogecoin’s audience. Strong social stats hint at future viral potential.
• A new roadmap promising NFTs, metaverse integrations, and more real-world use cases are in the works.

With all of these developments in the pipeline, there seems to be a renewed sense of momentum propelling the project forward after the crypto winter thaw.

The bottom line

While meme coin prices remain highly speculative, Baby Doge Coin shows some promising fundamentals beyond the hype. Systematic token burns and plans to expand utility give it a fighting chance versus flash-in-the-pan meme fads.

If even a fraction of their nearly 2 million Twitter followers buys into the recent hype, BABYDOGE could see a nice price pop. With the new deflationary swap widget launching soon, we may witness the birth of the next big meme coin- one backed by real deflationary tokenomics.